Iran Expects Crude Exports to China to Stabilize

SHANGHAI—Iran expects its crude-oil exports to China will stabilize despite political pressure from the U.S. and a drop in shipments so far this year, an executive at Iran's state oil company said.

China's October crude imports from Iran fell 42% to 1.06 million metric tons, or about 250,000 barrels a day, from the same period a year earlier, Chinese customs data showed Thursday. The steep drop in October brings China's Iranian crude...